560 Yosemite Avenue, Mountain View, California 94041, Mountain View, 94041 - 3 bed, 1 bath
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This Historic Mountain View Fixer-Upper is a strategic Value-Add Asset listed at $2,298,000. While priced above the $2,124,612 Fair Market Value, the figure accounts for the significant 4,792 sqft lot development potential and prime location near Silicon Valley tech hubs. With a Condition Rating of 5, the 1928 residence requires a comprehensive overhaul of its outdated systems and a functional bathroom addition to unlock its full equity potential. This high-reward project is perfectly suited for Real Estate Developers or Seasoned Investors focused on long-term appreciation in a supply-constrained market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 560 Yosemite Avenue Subject | $2,298,000* List Price | 3 | 1 | 1,409 | $1,508 | - |
A 495 Pettis Avenue Sold | $1,640,000 | 2 | 2 | 1,155 | $1,420 | 0.7 mi |
B 260 Velarde Street Sold | $1,775,000 | 2 | 1 | 1,039 | $1,708 | 0.4 mi |
C 545 Fairmont Avenue Pending | $2,099,888 List Price | 3 | 2 | 1,275 | $1,647 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1928, this 96-year-old property, with only 1 bathroom for 3 bedrooms, is highly indicative of a home that requires substantial repairs and rehabilitation to meet modern standards. Without any provided images or renovation history, it's assumed that the kitchen, bathroom, electrical, plumbing, and HVAC systems are significantly outdated or original, necessitating major updates for safety, comfort, and functionality. The high list price in Mountain View likely reflects the land value rather than the condition of the existing structure.
Situated in highly desirable Mountain View, 94041, offering unparalleled access to tech hubs, top-tier amenities, and a strong community, ensuring robust long-term value.
Built in 1928, the property likely boasts unique architectural details and a sense of history, appealing to buyers seeking a home with distinct character rather than a modern build.
The 4,792 sqft lot provides ample space for potential expansion, addition of an Accessory Dwelling Unit (ADU), or significant landscaping enhancements, adding future value.
With only one bathroom for three bedrooms, the property presents a significant functional limitation for modern living and will likely necessitate a costly renovation to add another bathroom.
Built in 1928, the home's original systems (plumbing, electrical, HVAC, roof) are likely outdated and will require substantial capital investment for modernization and deferred maintenance.
The $2.298M list price for a 1,409 sqft, 1-bath home built in 1928 suggests a premium primarily for the land and location, implying that significant additional investment will be required to bring the interior to modern standards.
Exceptional opportunity in Mountain View. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 3.0 | 20% |
| Square foot | 1,409 | 1,409 | 50% |
| Lot Size | 4,792 | 4,792 | 50% |
| Price | $2.30M | $2.30M | 40% |
| Price per sq ft | $1.6K | $1.5K | 60% |
| Built year | 1928 | 1995 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 713 | 137 | 0% |
May 9, 2024
$2,298,000
Initial Listing